What is rent commencement?
The date the tenant must begin paying rent, which may fall after lease commencement and possession, for example after a free-rent period or build-out. Modeling it separately is essential for accurate cash-flow timing.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.